Team Staff Salary Cuts & Layoffs (MOD: and local city impacts from lockout)
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08-29-2012, 12:12 AM
Join Date: Dec 2009
Location: New York, NY
Originally Posted by
In one of my business classes we were looking at personal finances and here in the UK something like 70% of the working population under the age of 30 would be broke if they were out of work for more than a month.
There's plenty of people who would be broke if they were out of work for a day. There's plenty of people who owe more on payday loans and credit card bills then their next month's pay would be.
Payday loans are predatory lending at it's finest. It's not atypical for people to pay 20% in "fees" and interest for a 2 week loan. Loan sharks don't even charge that much. I can't believe anyone's stupid enough to fall for that scam but it happens all the time.
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